Sustainability

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Watch: Ocean Cleanup to test new system’s speed

Over the coming weeks, the Ocean Cleanup will perform several tests to slow down or speed up the system. At the initial stage, the team will start the first test to attempt slowing down the system. The latest version of this design, dubbed System 001/B, has arrived in the patch after eight days of transit.

Ocean Clean up begins operations in the Great Pacific Garbage Patch

Following the announcement made on June 24, that the Ocean Cleanup is ready to re-begin operations, it is ready to operate in the Great Pacific Garbage Patch this summer. The latest version of this design, dubbed System 001/B, has arrived in the patch after eight days of transit.

MOL the first company in Japan to issue sustainability bonds

MOL announced a plan to issue ‘Sustainability Bonds’ through a public offering in Japan’s domestic market in July this year. It also announced the acquisition of a preliminary evaluation from a third-party institute. Sustainability bonds are used to finance and refinance green projects, which protect and improve the environment, and social projects.

Non-compliance to St. Lawrence’s speed restrictions results to up to $25,000 fine

According to the Canadian Government, the Minister of Transport, Marc Garneau, issued a statement based on unfortunate deaths of many North Atlantic right whales in Canadian waters; Because of this, he implemented a precautionary speed restriction of 10 knots, for vessels of 20 metres and more, that sail in the Gulf of St. Lawrence, in the two designated shipping lanes north and south of Anticosti Island. 

Port of Rotterdam partners with four companies to focus on sustainability

During the 4th edition of the annual innovation programme PortXL, the Port of Rotterdam Authority signed Letters of Intent with four companies that are expected to help make the port more sustainable, more efficient and ‘smarter’. The companies are Richtlijn Geodesie, Flower Turbines, Ladar Ltd and Planys Tech. Moreover, the Port Authority also issued a Letter of Support to Eco Wave Power.

Norway’s State Secretary talks piracy, illegal fishing and climate change

Norwegian Government’s State Secretary Marianne Hagen commented on maritime security in the Western Indian Ocean, during a ministerial conference. She highlighted that Somali piracy hasn’t been eradicated yet. The State Secretary noted that Norway wishes to maintain its capacity on prosecuting and imprisoning pirates here in the region, with Mauritius, the Seychelles and Kenya as important partners.

The path towards a 100% renewable energy future

Wartsila launched a white paper focusing on accelerating the transition towards a 100% renewable energy future. The market trends reflect that the shipping industry is currently leaning towards more flexible systems, with a rapidly increasing share of renewable energy, declining inflexible baseload generation and wider applications of storage technology. 

California passes bill that calls for 75% reduction in single-use plastics by 2030

At the end of May, California Senate passed the ‘California Circular Economy and Plastic Pollution Reduction Act’ according to which the producer manufacturers and retailers in California should reduce the waste generated by single-use packaging and products by 75%  by 2030 through producing less plastic, recycling more of it, making reusable packaging, or using compostable materials.

Bureau Veritas launches circular on corporate sustainability

Bureau Veritas launched the Circular+, which is a new approach towards sustainability, based on services that will help companies transition to a circular business model. Today, companies aspire to meet future regulatory requirements and exceed customer expectations. 

Carnival to help achieve 40% reduction of cruise industry’s emissions by 2030

Carnival Corporation published its ninth annual sustainability report, outlining the key initiatives and progress made in 2018 toward its 2020 sustainability performance goals. The full 2018 report, “Sustainability from Ship to Shore,” was developed in accordance with the Global Reporting Initiative standard.

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